The NCAA has imposed the following penalties on Penn State, via WaPo:
Penn State was socked with a four-year postseason ban, the loss of 40 scholarships over four years and a $60 million fine stemming from its coverup in the wake of the Jerry Sandusky child sex-abuse scandal.
In addition, all victories from 1998-2011 have been vacated, a huge blow to the coaching legacy of Joe Paterno, now formerly the winningest coach in college football history.
NCAA President Mark Emmert announced the penalties, saying that “one of the dangers in our love of sports is that sports themselves can become too big to fail, too big to challenge.”
The $60 million fine, which amounts fo one year’s gross revenue from the football program, will be used to endow a fund for victims of abuse and to prevent future abuse, Emmert said. Athletes will be free to transfer and retain immediate eligibility, prompting the possibility of a mass exodus.
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